Demand for political risk cover rises for infrastructure contracts

Posted On: Feb. 9, 2018 4:57 AM CST

Maxime Hayes, political risk underwriter at U.K.-based Beazley P.L.C.'s unit in France, said that infrastructure firms are increasingly buying political risk insurance to cover infrastructure contracts with governments and firms in Sub-Saharan Africa, StrategicRisk reported. Mr. Hayes said that contract frustration is the biggest reason for demand among French buyers of political risk covers, particularly banks and exporters. "We see particular demand from infrastructure projects in Senegal, Ivory Coast, Benin and Togo," he added.